New Zealand central bank, RBNZ maintained its OCR at 5.50% but surprised markets with lower OCR forecasts for 2024 and 2025. A less hawkish RBNZ has triggered a sell-off in the Kiwi (-1% intraday against the USD), the worst-performing currency among the majors. The current weak outlier movement of the NZD has triggered a potential […]

The post AUD/NZD Technical: Squeezed Up Towards Key 1.0700 Resistance Ex-post RBNZ appeared first on Action Forex.

Read More